Why Is New York Opposing The Clarity Act? “The Digital Asset Market Clarity Act (‘CLARITY’) seeks to interfere with and preempt states’ investor protection laws as well as dilute our ability to prosecute fraud,” James said. Election campaigning is expected to consume more attention after the break, reducing the available time for a complex crypto bill. Related: US Senate Has Two Days to Pass Crypto CLARITY Act Before Summer RecessPressure from the crypto and financial sectors has increased. Stand With Crypto said it would include lawmakers’ Clarity Act votes in its candidate scoring system.